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Office Furniture Market in US by Product, Material, End-user, and Distribution Channel - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR40461
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The office furniture market in the US has the potential to grow by USD 3.14 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.07%.

This office furniture market research report of US provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (seating, table, system, storage unit and file, and overhead bins), end-user (commercial and home office), distribution channel (offline and online), and material (wood, metal, and others) The office furniture market report of US also offers information on several market vendors, including Affordable Interior Systems Inc., Ashley Furniture Industries Inc., Global Furniture Group, Haworth Inc., Herman Miller Inc., HNI Corp., Kimball International Inc., Knoll Inc., Okamura Corp., and Steelcase Inc. among others.

What will the Office Furniture Market Size in the US be in 2021?

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Office Furniture Market in the US: Key Drivers and Trends

The surge in the number of start-ups is notably driving the office furniture market growth in the US, although factors such as the low replacement cycle of furniture may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the office furniture industry in US get your FREE report sample now.

  • The rise in the number of start-ups is one of the primary growth drivers for the office furniture market in the US.
  • Favorable governmental policies like legal protections, increasing ease of doing business, innovative work environments, and business benefits like tax holidays fuel the growth of start-ups across the globe, including the US.
  • The emerging start-up environment would lead to an increase in office spaces and tech parks. This is expected to contribute toward an increase in demand for office furniture during the forecast period. 
  • There is a rise in the emergence of online furniture stores in the region.
  • Because of the fragmentation of consumer choices and the availability of better shipping services, the number of online furniture stores in the US is increasing.
  • The growing availability of products from significant furniture manufactures on online platforms is resulting in increased sales of office furniture such as filing cabinets, conference tables, executive desks, computer chairs, computer desks, and office storage in the US. 

This office furniture market analysis report of US also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Office Furniture Market Vendors in US?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Affordable Interior Systems Inc. 
  • Ashley Furniture Industries Inc.
  • Global Furniture Group
  • Haworth Inc.
  • Herman Miller Inc.
  • HNI Corp.
  • Kimball International Inc.
  • Knoll Inc.
  • Okamura Corp.
  • Steelcase Inc.

 

The office furniture market in the US is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the office furniture market forecast report of US for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Product Segments in the Office Furniture Market in the US?

Office-Furniture-Market-In-US-Market-Share-by-Product-2020-2025

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The office furniture market share growth in the US by the seating segment will be significant during the forecast period. The office seating furniture market in the US includes ergonomic chair stools, swivel and stacking chairs, and benches. The expansion of office spaces and a rise in the number of employees in the US are expected to fuel the office seating market in US during the forecast period. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the office furniture market size in US.

 

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What are the Key Factors Covered in this Office Furniture Market Report of US?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive office furniture market growth in US during the next five years
  • Precise estimation of the office furniture market size in US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of office furniture market vendors in US

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Office Furniture Market In US Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.07%

Market growth 2021-2025

$ 3.14 billion

Market structure

Fragmented

YoY growth (%)

1.43

Regional analysis

US, American Samoa, Algeria, Austria, and Azerbaijan

Performing market contribution

US at 100%

Key consumer countries

US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Affordable Interior Systems Inc. , Ashley Furniture Industries Inc., Global Furniture Group, Haworth Inc., Herman Miller Inc., HNI Corp., Kimball International Inc., Knoll Inc., Okamura Corp., and Steelcase Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Market segments
  • Comparison by Product
  • Seating - Market size and forecast 2020-2025
  • Table - Market size and forecast 2020-2025
  • System - Market size and forecast 2020-2025
  • Storage unit and file - Market size and forecast 2020-2025
  • Overhead bins - Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Market segments
  • Commercial - Market size and forecast 2020-2025
  • Home office - Market size and forecast 2020-2025

Market Segmentation by Distribution channel

  • Market segments
  • Market segments
  • Comparison by Distribution channel
  • Offline - Market size and forecast 2020-2025
  • Online - Market size and forecast 2020-2025
  • Market opportunity by Distribution channel

Market Segmentation by Material

  • Market segments
  • Comparison by Material
  • Wood - Market size and forecast 2020-2025
  • Metal - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Material

Customer landscape

  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Affordable Interior Systems Inc. 
  • Ashley Furniture Industries Inc.
  • Global Furniture Group
  • Haworth Inc.
  • Herman Miller Inc.
  • HNI Corp.
  • Kimball International Inc.
  • Knoll Inc.
  • Okamura Corp.
  • Steelcase Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The office furniture market market growth will increase by $5.64 billion during 2019-2024.
The office furniture market market is expected to grow at a CAGR of 6.05% during 2019-2024.
Technavio has segmented the office furniture market market by product (Seating, Table, System, Storage unit and file, and Overhead bins) ,distribution channel (Offline stores and Online stores) , and material (Wood, Metal, and Others).
American Signature Inc., Ashley Furniture Industries Inc., Global Furniture Group, Haworth Inc., Herman Miller Inc., HNI Corp., Kimball International Inc., Knoll Inc., Steelcase Inc., Teknion Corp. are a few of the key vendors in the office furniture market market.
North America will register the highest growth rate of 40.07% among the other regions. Therefore, the office furniture market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the office furniture market market growth are:
  • Surge in the number of start-ups
  • Emergence of online furniture stores
The office furniture market market vendors should focus on grabbing business opportunities from the seating segment as it accounted for the largest market share in the base year.
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